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A new 49,000-square-foot mixed-use building is planned for downtown Birmingham.

Joey Jonna, founder of Birmingham-based Jonna Luxury Homes LLC, said he bought the Greens Art Supply building at 400 S. Old Woodward Ave. south of Daines Street earlier this year.

He plans to demolish it and construct a new one with 7,700 square feet of first-floor retail space and about 11 high-end condominium units on the second and third floors.

The estimated development cost of the new building, called The Forefront, is $20 million, he said. Jonna expects it to open in the third quarter next year.

Condominium sizes and prices are being developed.

Jonna said the owner of Greens has “a couple months to vacate” the building.

Greens is consolidating its inventory into its downtown Rochester store at 429 Main St.; that is expected to happen by the middle of August.

Construction plans have not yet been submitted to the city of Birmingham, but Jonna said the city approved the site plan in October.

Bloomfield Hills-based Jonna Construction Co. LLC will build The Forefront, and Jonna Luxury Homes will do the interior construction on the condos, Jonna said. Royal Oak-based Krieger Klatt Architects Inc. is the project architect.

The Southfield office of Colliers International Inc. is responsible for securing a retail tenant for the building.